Market Overview:
The global centrifugal subsea pumps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas, water treatment, construction, mining industry, and other applications across the globe. In terms of type, the single-stage pumps segment is expected to hold a major share of the global centrifugal subsea pumps market during the forecast period. This can be attributed to their high efficiency and low cost as compared to multi-stage pumps.
Product Definition:
Centrifugal subsea pumps are used to pump fluids from a well or other source on the seabed to a production platform or other facility. Centrifugal subsea pumps are often used in conjunction with gas lift systems to increase production from oil and gas wells.
Single-stage Pumps:
Single-stage pumps are used in offshore oil & gas industry for transferring fluids from one place to another. These are mainly used in production process and hence, their demand is directly proportional to global crude oil production. The market is expected to witness significant growth over the forecast period owing to increasing E&P activities globally coupled with growing requirement for hydrocarbon transportation along with it's by-products such as water, sand etc.
Multi-stage Pumps:
Multi-stage pumps are used in offshore oil & gas industry for transferring fluids at higher rates. The working principle of multi-stage pump is based on the suction and discharge strokes of reciprocating engines which are connected to a variable speed drive mechanism. The variable speed drive mechanism controls the flow rate by changing the volumetric flow rate through different number of stages as per requirement.
The major applications include subsea drilling, production,.
Application Insights:
The oil & gas segment dominated the global centrifugal subsea pumps market in 2017, accounting for over 45.0% of the overall revenue share. The segment is expected to witness a significant growth rate owing to rising demand for petroleum products from various end-use industries including automotive and energy generation across the globe. Furthermore, increasing exploration activities in offshore fields coupled with growing production levels are further anticipated to drive product demand over the forecast period.
Construction was one of the prominent applications that accounted for a considerable market share in 2017 due largely to its ability to handle high flow rates with ease and efficiency while providing stable pressure throughout its entire operational life span which includes construction operations such as civil works, drilling & blasting, etcetera at different depths below ground level (DG).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing oil & gas exploration activities in China, India, Vietnam and Philippines. In addition, rising demand for freshwater from expanding population coupled with growing industrialization is anticipated to augment Centrifugal Subsea Pumps (CSPs) demand in this region.
The Middle East & Africa accounted for a significant share of global centrifugal subsea pumps market revenue owing to large oil reserves present across countries such as Saudi Arabia and UAE. Moreover, increasing offshore drilling activities are projected to drive product demand further over the next eight years. North America also held a considerable share of global industry revenue due to high water treatment applications in U.S., which has led it being called as the second most water-stressed nation globally after Israel’s Cape Town Water Crisis Solution Report Card 2016/2017 (WWC).
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investments in offshore drilling and production activities
- Proliferation of subsea infrastructure projects worldwide
- Technological advancements that have led to the development of more efficient centrifugal pumps
- Growing awareness about the benefits of using centrifugal subsea pumps over other types of pumps
Scope Of The Report
Report Attributes
Report Details
Report Title
Centrifugal Subsea Pumps Market Research Report
By Type
Single-stage Pumps, Multi-stage Pumps
By Application
Oil & Gas, Water Treatment, Construction, Mining Industry, Others
By Companies
Aker Solutions, FMC Technologies, ITT Bornemann, Flowserve Corporation, Leistritz Pumpen, General Electric Company, Onesubsea, Sulzer, SPX Corporation, Framo, GE(Baker Hughes)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Centrifugal Subsea Pumps Market Report Segments:
The global Centrifugal Subsea Pumps market is segmented on the basis of:
Types
Single-stage Pumps, Multi-stage Pumps
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Water Treatment, Construction, Mining Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aker Solutions
- FMC Technologies
- ITT Bornemann
- Flowserve Corporation
- Leistritz Pumpen
- General Electric Company
- Onesubsea
- Sulzer
- SPX Corporation
- Framo
- GE(Baker Hughes)
Highlights of The Centrifugal Subsea Pumps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-stage Pumps
- Multi-stage Pumps
- By Application:
- Oil & Gas
- Water Treatment
- Construction
- Mining Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Centrifugal Subsea Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Centrifugal subsea pumps are used to move oil and gas from the sea floor to the surface. They work by using a rotating impeller that creates a high-pressure flow of water, oil, or gas.
Some of the key players operating in the centrifugal subsea pumps market are Aker Solutions, FMC Technologies, ITT Bornemann, Flowserve Corporation, Leistritz Pumpen, General Electric Company, Onesubsea, Sulzer, SPX Corporation, Framo, GE(Baker Hughes).
The centrifugal subsea pumps market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Centrifugal Subsea Pumps Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Centrifugal Subsea Pumps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Centrifugal Subsea Pumps Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Centrifugal Subsea Pumps Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Centrifugal Subsea Pumps Market Size & Forecast, 2020-2028
4.5.1 Centrifugal Subsea Pumps Market Size and Y-o-Y Growth
4.5.2 Centrifugal Subsea Pumps Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single-stage Pumps
5.2.2 Multi-stage Pumps
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Water Treatment
6.2.3 Construction
6.2.4 Mining Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Centrifugal Subsea Pumps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Centrifugal Subsea Pumps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single-stage Pumps
9.6.2 Multi-stage Pumps
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Water Treatment
9.10.3 Construction
9.10.4 Mining Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single-stage Pumps
10.6.2 Multi-stage Pumps
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Water Treatment
10.10.3 Construction
10.10.4 Mining Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single-stage Pumps
11.6.2 Multi-stage Pumps
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Water Treatment
11.10.3 Construction
11.10.4 Mining Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single-stage Pumps
12.6.2 Multi-stage Pumps
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Water Treatment
12.10.3 Construction
12.10.4 Mining Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single-stage Pumps
13.6.2 Multi-stage Pumps
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Water Treatment
13.10.3 Construction
13.10.4 Mining Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Centrifugal Subsea Pumps Market: Competitive Dashboard
14.2 Global Centrifugal Subsea Pumps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aker Solutions
14.3.2 FMC Technologies
14.3.3 ITT Bornemann
14.3.4 Flowserve Corporation
14.3.5 Leistritz Pumpen
14.3.6 General Electric Company
14.3.7 Onesubsea
14.3.8 Sulzer
14.3.9 SPX Corporation
14.3.10 Framo
14.3.11 GE(Baker Hughes)
